Purpose

The UK foreign exchange market is one of the world's important foreign exchange markets formed through a long-term process of financial development. It is characterized by large trading volume, a rich variety of trading products, and numerous market participants, holding a pivotal position in international foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker ARVELA HOLDINGS in the UK as planned. According to public information, its office address is 1st floor, Arthur Stanley house, 40 - 50, Tottenham street, London, United Kingdom, W1T 4RN.

A professional and experienced inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to the target area in the United Kingdom according to a well-planned schedule to conduct an on-site inspection of the broker ARVELA HOLDINGS, which claims to be located at the aforementioned address.

The inspectors successfully arrived at Arthur Stanley house, which is located at Tottenham street in London. The surrounding area is relatively bustling, with a strong commercial atmosphere. However, no company signage or relevant information  about ARVELA HOLDINGS was found on the exterior of the building.

The inspectors entered the first floor of the building and explained their purpose to the security guard. After communication, they were allowed to enter.

However, no directory listing of ARVELA HOLDINGS was found inside the building, nor was any of the company's LOGO seen. Since the specific location of the company within the building could not be found, it was impossible to reach the target floor to confirm the exact location, and thus entry into the company's interior was not possible. Concurrently, it was also not possible to photograph the company's reception area or LOGO. The office was also not a shared workspace.

As entry to the interior of the company was not possible, the inspectors were unable to observe the internal environment of the company through the lobby area and found no information regarding this broker. Upon inquiry with the security guard, they were informed that no such company existed, leading to the judgment that it was false.

Therefore, after the on-site inspection, it was confirmed that broker ARVELA HOLDINGS does not exist at the aforementioned address.

Conclusion

The on-site inspectors visited the forex broker ARVELA HOLDINGS in the UK as planned. At its public business address, no information, such as the company name of this broker, could be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for choice.